Awadzie, David Mensah
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The Impact of Remittances on the Development of Domestic Tourism in Ghana. A Mediating Role of Cultural Exchange. Tackie, Michael Kojoe Amoah; Mensah, Thelma Frimpong; Awadzie, David Mensah
International Journal of Business, Management and Economics Vol. 5 No. 3 (2024): International Journal of Business, Management and Economics
Publisher : Training & Research Institute - Jeramba Ilmu Sukses (TRI-JIS)

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.47747/ijbme.v5i3.1805

Abstract

The primary aim of this research is to investigate the influence of remittance on local tourism development in Ghana. The study used a survey research approach to gather data from the DuBois Center and the diaspora African forum in Accra. Five hundred questionnaires were distributed; notably, 453 questionnaires were successfully retrieved, yielding a response rate of 90.6%. The study examined four hypotheses using partial least squares structural equation modeling (PLS-SEM). The results indicate that remittance positively and significantly impacts cultural exchange and local tourism development. Additionally, the findings suggest a positive relationship between cultural exchange and local tourism development, with cultural exchange mediating the association between remittance and regional tourism. Policymakers should invest in tourism infrastructure development, such as transportation networks and housing options, to maximize the benefits of remittances and cultural exchange. Collaboration between the public and private sectors can maximize the benefits of remittances and cultural exchange for local communities by fostering synergies in tourism development
The Impact of Transnational Migrant Knowledge Transfer on National Tourism Development: A Case Study of Ghana Tackie, Michael Kojoe Amoah; Mensah, Thelma Frimpong; Awadzie, David Mensah
International Journal of Business, Management and Economics Vol. 5 No. 3 (2024): International Journal of Business, Management and Economics
Publisher : Training & Research Institute - Jeramba Ilmu Sukses (TRI-JIS)

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.47747/ijbme.v5i3.1952

Abstract

The primary objective of this study is to investigate the impact of transnational migrant knowledge transfer on national tourism development in Ghana. A survey research approach was employed to gather data from the DuBois Center and Diaspora African Forum in Accra to achieve this aim. The study examined two hypotheses using partial least squares structural equation modeling (PLS-SEM). The findings, which indicate that transnational migrant knowledge transfer positively and statistically significantly affects national tourism development, underscore the critical role of transnational migrant knowledge transfers in enhancing the tourism sector. The study's urgent recommendations for policymakers, as key stakeholders, to create a supportive policy environment encouraging investments to enhance national tourism development, focusing on incentives for migrant investors in the tourism sector, are of immediate importance
Does Risk Attitude Increase the Effect of Financial Literacy on Access to Finance? Addo, Selma Dzifa; Asantey, Joseph; Awadzie, David Mensah
International Journal of Business, Management and Economics Vol. 4 No. 3 (2023): International Journal of Business, Management and Economics
Publisher : Training & Research Institute - Jeramba Ilmu Sukses (TRI-JIS)

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.47747/ijbme.v4i3.1224

Abstract

The paper aimed to examine the moderating impact risk attitude has on the link between financial literacy and access to funding for SMEs. Respondents included SMEs in Accra via standardized questionnaires. 396 accurate responses were analyzed utilizing PLS-SEM. Findings showed an important beneficial correlation between knowledge of finances and credit accessibility. The relationship between risk-taking behavior and financial access also proved significant. Additionally, the study discovered that the connection between financial competence and financial access is significantly moderated by risk-taking tendency. The results support the knowledge base view theory, according to which financial literacy is a unique strategic asset that firms can exploit to gain an advantage over rivals. Additionally, it was established that risk-averse owners/managers are more likely to miss out on possibilities to build wealth, which opens up access to credit or even poses the willpower to access debt finance
An Assessment of Capital Structure Influencing on Profitability: A Case of Listed Banks on the Ghana Stock Exchange owusu, Caleb Kwasi; Garr, David Kwashie; Awadzie, David Mensah
International Journal of Business, Management and Economics Vol. 4 No. 4 (2023): International Journal of Business, Management and Economics
Publisher : Training & Research Institute - Jeramba Ilmu Sukses (TRI-JIS)

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.47747/ijbme.v4i4.1455

Abstract

This study aimed to examine the impact of capital structure on bank performance using data from nine listed banks on the Ghana Stock Exchange. The study utilised secondary panel data extracted from the published financial statements of these banks. Bank performance was measured using return on assets and return on equity as proxies, while the ratio of total debt to total assets served as the independent variable. Additionally, firms' age, size, and liquidity were control variables. The random effect technique was used for analysis, employing Ordinary Least Squares (OLS) and Autoregressive methods. The results indicated a positive and significant relationship between total debt to total assets, return on assets and equity. Furthermore, firms' age positively and significantly impacted the return on assets and return on equity in both models. Interestingly, the study found a negative effect of firms' liquidity on return on assets in model one, while the size of the firms had no impact on bank performance. Policymakers can encourage financial institutions to provide accessible and affordable lending options to businesses, enabling them to leverage debt effectively. This can be particularly beneficial for small and medium-sized enterprises (SMEs) that often face challenges accessing capital.